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Is Obama Care here to stay?

There have been questions about the Obamacare also known as Affordable Care Act. With the U.S. election time approaching, there are still reasons to say the Obamacare is here to stay. Although the health-care system has been termed as crazy, others believe it has worked. Six years after its introduction, every American has access to…
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Standard deduction versus Itemized deduction what is the difference?

Six Facts about Choosing the Standard or Itemized Deductions When filing your federal income tax return, taxpayers can choose to either take the standard deduction or to itemize their deductions. The IRS has put together the following six facts to help you choose the method that gives you the lowest tax. Whether to itemize deductions…
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Earned Income Tax Credit. Do I Qualify?

The Earned Income Tax Credit (EITC) is a financial boost for people working hard to make ends meet. Millions of workers may qualify for the first time this year due to changes in their marital, parental or financial status. The IRS urges workers who work for someone else or own or run their own business…
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What are Capital Gains?

When you sell a capital asset the sale results in a capital gain or loss. A capital asset includes most property you own for personal use or own as an investment. Here are 10 facts that you should know about capital gains and losses: Capital Assets. ┬áCapital assets include property such as your home or…
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